Stocks

HCL Info jumps on Rs 300-cr IAF deal

PTI Mumbai | Updated on March 18, 2011 Published on March 18, 2011

Shares of IT hardware firm HCL Infosystems jumped by nearly 7 per cent in the morning trade on the BSE trade after the company bagged a Rs 300-crore order from the Indian Air Force.

The scrip advanced by 6.61 per cent to Rs 108 on the Bombay Stock Exchange, while on the National Stock Exchange it surged by 7.23 per cent to Rs 109 a piece.

During the noon session, the scrip was trading up by 3.01 per cent at Rs 104.35 on the BSE and 2.56 per cent at Rs 104.25 on the BSE.

On Thursday, the company had received an order from the Indian Air Force to deploy Wideband CDMA-based portable wireless network.

According to the deal, the WCDMA network will provide backbone connectivity and ensure video interactivity for video calls, cross connectivity with other communication platforms like IP-based communication within the Air Force Network.

The new order was announced after the market hours on Thursday.

Published on March 18, 2011
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